Increasing OEM concentration on low powered rugged piezoelectric MEMS microphones. The Global MEMS Microphones Market is expected to witness a CAGR of 11.7% to reach $2,878.4 million by 2024
Bangalore, India, June 7, 2018 (Newswire.com) - With its recently published study “MEMS Microphones Market – Value and Volume Analysis – Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2022”, Infoholic Research forecasts that the global market for MEMS microphones will continue to grow, owing to the following important factors: an increasing number of MEMS microphones in mobile handsets, expanding voice assistance solutions, increasing adoption of MEMS microphones for hearing aids, and growing importance for MEMS microphones in internet of things (IoT) & automotive applications.
MEMS microphones consists of a sensor chip and application-specific-integrated-circuit (ASIC). The sensor chip converts the acoustic signal/audio signal into an electrical signal, and the ASIC is used for signal processing & system interphase. By technology, there are two types of MEMS microphones – capacitive MEMS microphones and piezoelectric MEMS microphones. Capacitive technology is the most widely used MEMS microphone worldwide.
"In the recent years, the demand for the MEMS microphones market has increased significantally, primarily due to an increasing number of voice activated consumer electronics products. Also, the growing popularity of these microphones among users across the world, the market is expected to concentate on rugged MEMS microphones"
Delsingh Bright, Sr Research Analyst, Infoholic Research.
Asia Pacific dominates the MEMS microphone market, followed by the Americas. In terms of revenue, Asia Pacific accounted for the highest market share in 2017 and is projected to remain dominant throughout the forecast period. This is mainly due to the expanding fabless business model and widespread presence of dedicated foundries/contract manufacturers. Some of the countries where the contract manufacturers have established their facilities include Taiwan, China, Singapore, and Vietnam.
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The mobile handset application segment was the dominant segment in 2017, as OEMs have been continuously focusing on enhancing audio quality of mobile phones by integrating multiple microphones. The IoT and VR application segment is identified as the fastest growing segment, owing to the rising focus on including voice interface solutions in connected products such as kitchen appliances, TVs, smart displays and other IoT & Virtual-reality applications.
“In the recent years, the demand for the MEMS microphones market has increased significantally, primarily due to an increasing number of voice activated consumer electronics products. Also, the growing popularity of these microphones among users across the world, the market is expected to concentate on rugged MEMS microphones”, said Delsingh Bright, Sr Research Analyst, Infoholic Research.
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Key insights of the report include:
- Market Analysis – By SNR:
- Less than and equal to 59 db (<= 59 db)
- Greater than 59 db and less than 64 db (>59 db and < 64 db)
- Greater than 64 db (>64 db)
- Market Analysis – By Type
- Market Analysis – By Technology
- Capacitive MEMS Microphones
- Piezoelectric MEMS Microphones
- Market Analysis – By Application
- Mobile Handsets
- Other Consumer Electronics
- Hearing Aids
- IoT, and VR
About Infoholic Research
Infoholic Research is a global market research and consulting organization providing strategic and high-level market intelligence in emerging and niche technologies. Founded in 2014, we are headquartered in India with an office in the US and with consultants working across the globe. Our market analysis is powered by rigorous methodology and quality metrics provides information and forecast across all the emerging markets, technologies and business models. We aim at delivering high-quality results to our clients providing them with in-depth industry insights to identify new business opportunities and nurture their business strategies. For more information, please visit www.infoholicresearch.com
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Source: Infoholic Research LLP